LOS ANGELES (MarketWatch) � Apple Inc. shares remained active during Friday evening�s trading session, finishing a week during which the tech sector heavyweight lost the title of world�s most valuable company.
Apple shares AAPL �nearly topped Nasdaq�s list of late-session volume leaders, and shed 28 cents to trade at $439.60.
Click to Play Barron's Buzz: AppleBarron's Magazine Editor Jack Otter joins The News Hub to preview this week's issue of Barron's Magazine: There's too much ado about Apple, and manufacturing returns to the U.S. Photo: Getty Images.
In the regular session, the shares fell $10.62, or 2.4%, leaving the company with a market capitalization of $413.06 billion. Exxon Mobil Corp. XOM �, meanwhile, closed with a market cap of $418.23 billion, making it the world�s most valuable publicly traded company.
The move marked the first time in roughly a year that the oil major had exceeded Apple in market cap. Read about Apple's shrinking market cap in The Tell blog.
Apple shares finished the holiday shortened week with a loss of 12%. Thursday�s beating came as analysts cut their price targets on the iPhone and iPad maker following its lackluster quarterly results and forecast. Read about Thursday's slide in Apple shares.
The Nasdaq Composite COMP �, which holds a 10% weight in Apple shares, closed the week with a modest rise of 0.5% at 3,149.71. Meanwhile, the S&P 500 index SPX �ended Friday by notching its longest winning run since late 2007. It logged a weekly increase of 1.1% at 1,502.96.
The Dow Jones Industrial Average DJIA �ended the week up 1.8% at 13,895.98. Read about Friday's action in U.S. stocks.
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